Question 1 ACCOUNTS PAYABLE 14,500.00 ACCOUNTS RECEIVABLE 7,500.00 CAPITAL STOCK 20,000.00 CASH 21,000.00 CONSULTING REVENUE 18,000.00 OFFICE EQUIPMENT 13,000.00 OFFICE SUPPLIES 500.00 RENT EXPENSE 9,000.00 UTILITIES EXPENSE 1,500.00 Instructions Above is a list of balances for Steel Works Construction as at 31st December 2023. The following additional information was provided: 1. Depreciation Charge on Office Equipment is $1,000 2. All Office Supplies were used during the period. 3. Rent Expense includes $2000 for January 2024 4. $300 was still owing on Utilities Expense You are required to prepare the adjusted Trial Balance for Steel Works Construction as at 31st December, 2023

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Letang Tsipane started a business restaurant called Letang Coffee on 1 May 2023 The following balances and totals were in the General Ledger on 1 May 2023: Capital R 45 000 Trading stock R 38 744 Debtors control R 27 800 Bank R 2008 Sales R 30 586 Cost of sales R 20 389 The following balance occurred in the Debtors ledger on 1 May 2023: T. Jacobs P. Khumalo R 3 000 R 5700 REQUIRED: Record the given transactions in the following Journals: 1. Cash Receipts Journal, with Analysis columns for Analysis of receipts, Bank, Sale Cost of Sales, Debtors control and Sundry accounts; 2. Debtors Journal, with Analysis columns for Sales and Cost of sales 3. Post from the Journals to the following accounts in the General ledger: Capital, Bank, Trading Stock; Debtors Control; Sales, Cost of sales 4. Post to the applicable accounts in the Debtors ledger of Letang Coffee 5. Prepare the List of Debtors. TRANSACTION FOR MAY 2023: 1. Received EFT payment from the owner Letang Tladi for R250 000 as her…

1.Mr Adrian own a construction company with an asset worth RM400,000. Adrian proudly told to some of his fellow directors that his revenues were typically RM35,000 per month, while his operating cost for fuel was RM8,000 and maintenance RM5,000 per month. The estimated depreciation was RM10,000 per month. An office space similar to Peter 's office space can be rented for RM15,000 per month. If Peter was working for one of his competing construction companies, he would have earned RM5,000 per month. a.List the items that Adrian would consider to compute his explicit costs. b.List the items that Adrian would consider to compute his implicit costs. c.Compute Adrian monthly total economic cost. d.Should Adrian continue his business? Explain.